What is the matter with president Obama? Why is he dithering on a decision to accept the Keystone pipeline when there are so many in the USA that would gladly accept it? They would gladly accept the jobs, gladly accept the impact on lowering oil prices, gladly accept the decreased dependence on oil supplied from volatile regions o the world. Is it because he would rather buy from nations that are not too friendly with the US or did someone offer him a good sum of money to refuse it? The excuse given (which I find very weak) is because of the environment. What about those rail tanker crashes? What about the Exxon Valdez oil spill of Alaska a few decades ago. The president doesn't seem to realize that the world is not ready to run everything off of solar power and HOPE. Or is it something else altogether but will not tell us?
The big question should be this: would the US profit by buying the oil from a friendly country like Canada? The answer is definitively YES. The US would benefit with jobs and cheaper oil. But of course this could never be done because it might prop up the economy and it seems in the Obama administration that would be a no-can-do option.
That’s my little rant of the day.